Money to build new storage facilities is still available, but may be harder to come by for some. Construction financing that commercial real estate advisory firm Talonvest Capital Inc. recently arranged for two big players in self-storage is a sign of the changing financial times. Tom Sherlock, principal of Talonvest, said the seven construction loans…

It is one of the most active markets for self-storage development, and still one of the most undersupplied. But new regulation may bring storage construction to a halt. Unless a last-minute compromise is reached, some industry officials say it now appears likely that New York Mayor Bill de Blasio’s proposed zoning restrictions on new self-storage…

As editor of the SpareFoot Storage Beat, I’d like to take a quick moment to share some exciting news from SpareFoot. Every year, Inside Self Storage hosts a Best of Business contest for the best vendors in the storage industry. We’re humbled and excited to say that SpareFoot has won Best Online Directory six consecutive…

A proposed CubeSmart facility in the Humboldt Park section of Chicago, IL is set to replace the shuttered Playskool Manufacturing Company facility at 1750 N. Lawndale Avenue. The former factory churned out Lincoln Logs from the 1940s through the 1960s. Northbrook, IL-based developer Martin Taradejna leads the entity that bought the site recently for $2.2…

Venture capital continues to show its faith in the emerging on-demand storage market, with a group of investors recently making the largest investment in the space to date. On-demand storage provided Clutter announced today that it closed on a $64 million Series C round led by Atomico, which was joined by new investors GV (previously Google…

The self-storage industry is in the midst of a development boom, and the deserts and mountains of Utah are no exception. There are about a dozen new projects underway in the city, which has a metro population around 1.1 million, the 48th largest metro area in the country. So what’s encouraging developers to build here?…

Dean Keller of Laguna, CA-based Bancap Self Storage Group recently brokered the sale of A-1 Sierra Storage at 17175 Sierra Highway in Santa Clarita, CA for $2 million. The 37,000-square-foot, single-story facility features 400 units. The facility has been family-owned since it opened in 1982. The buyer was a newly formed LLC operating under the name…

A dozen of the 50 largest self-storage operators in the U.S. are based in Southern California, with six of the 12 maintaining headquarters in Orange County. Other than the abundant sunshine and the many miles of beaches, why is Southern California essentially the epicenter of the country’s $38 billion self-storage industry? What is it about…

A pair of Silicon Valley entrepreneurs, recently from Uber and Facebook, are the latest to jump into the expanding full-service storage industry with the launch of Trove, a new company that allows customers to schedule pick up, storage and delivery of their belongings via an app. The company publicly launched last month in San Francisco…